Vancouver, B.C. (December 12, 2024) – Independence Gold Corp. (TSX.V: IGO)(OTCQB: IEGCF) (the “Company”) wishes to announce a proposed equity financing (the “Financing”) of up to a maximum of 6,666,666 shares comprised of flow-through common shares (the “FT Shares) that will be offered at $0.30 for proceeds of $2,000,000. Subject to compliance with applicable securities laws and the approval of the TSX Venture Exchange, finders’ fees may be payable to eligible arm’s length persons with respect to certain subscriptions accepted by the Company.

The proceeds from the FT Shares will be used by the Company to incur eligible Canadian exploration expenditures that will qualify as “flow-through mining expenditures” as such terms are defined by the Income Tax Act (Canada)(the “Qualifying Expenditures”) related to the 3Ts Project, British Columbia. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares effective December 31, 2024.

Closing of the Offering is subject to receipt of applicable regulatory approvals including the approval of the TSX Venture Exchange. The securities issued will be subject to a four month hold period.

President & CEO Randy Turner commented “With this additional financing the Company is in a very strong financial position to advance and develop the 3T Project through 2025, including expanding the current drill program to 10,000 metres.”

ON BEHALF OF THE BOARD of Independence Gold Corp.

“Randy Turner”

Randy Turner, President and CEO